Former Burger King – 8K VPD | Drive Thru

1410 South Alabama Avenue, Monroeville, AL

Market Price

Price

2,340 sqft

Building Size

0.82 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
2,340 sqft
Lot Area
0.82 acres
Year Built
1997
Zoning
B-2
Parking Spots
36
Description

RI Marketplace Online Auction May 13-15, 2024
Register to Bid on Marketplace:

https://rimarketplace.com/auction/1934/former-burger-king-8k-vpd-drive-thru?utm_source=brevitas&utm_medium=listing&utm_campaign=retail_1934

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing, retail/restaurant building located at 1410 South Alabama Ave in Monroeville, AL 35954 (the “Property”). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. FIRST BID MEETS RESERVE!

Built in 1997, the Property is comprised of a one-story, free-standing building totaling ±2,340 square feet. Positioned on ±0.82 acres of land, the Property offers excellent visibility and ±36 total surface parking spaces. The Property is easily accessible and offers 159’ ft of strategic frontage on S Alabama Avenue with two points of egress/ingress. The Property was formerly occupied by Burger King on a triple net lease and offers potential investors the ability to acquire a free-standing retail building with significant value add through long lease up at long term market rates (CoStar estimated rents of $10/SF NNN). The Property is zoned B-2, General Business, and offers favorable flexible zoning allowing for a variety of restaurant/retail uses via adaptive reuse or repositioning.

This former Burger King is located on an interior lot on the east side of the heavily trafficked South Alabama Avenue (±8,270 VPD) between Pike Street and Vanity Fair Drive in Monroeville with Monroe County. Monroeville is situated in the southwestern part of Alabama, approximately midway between the larger cities of Montgomery (±100-miles from the Property) and Mobile (±85-miles from the Property). The Property is positioned on one of the primary roadways in the area near U.S. Highway 21 and SR-84 which provides connectivity to nearby cities and regions and makes this Property easily accessible for commuters and residents alike. This former QSR is positioned in one of Monroeville’s main commercial corridors with numerous retailers in the immediate area including Dollar General, McDonald’s, Walgreen’s, AutoZone, Aaron’s, Walmart, Subway, Piggly Wiggly, Dollar Tree and more. The Property is proximate to VF Factory Outlet, which is a major corporate demand driver with over $100 million in sales and ±1,000 employees; less than 1-mi from Monroe County Hospital offering has 94 beds and offers a comprehensive range of medical and surgical services; and just 10-15 miles to major plants, a short commute for business travelers. The location of this former Burger King provides easy access to outdoor recreational activities, historical sites, and other demand drivers in the region including the Monroeville Downtown Historic District, a 40-acre historic district in downtown with the popular Old Courthouse Museum (±1.5-miles) and Monroe County Airport (±4-miles). The Property is located near education demand drivers and located just ±2-miles from Coastal Alabama Community College with ±7,048 total students (2021). The Property is located in an area that serves ±8,818 people with an AHHI of ±$61k within a 5-mile area and ±14,695 individuals within an expanded 10-mile area.

John Mickey Fowler, Auctioneer
c/o Fisher Auction Company Inc.
AL License: ALSL466

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